Tax filing can be a daunting task especially if you think that it is. On the other hand, you can treat it as something you have to do to keep the IRS out of your books. There is a lot of information out there about your rights to file any sort of income tax return. [...]
Some of the confusion about taxes come from the multiple forms the taxpayer has to wade through before deciding which form is right for their income tax return. Most people need the standard Federal tax form 1040 which covers common income and deductions fields. On the other hand, if you have low income for the [...]
Recently, we wrote about the myth of getting tax refunds. Today, we want to continue that trend by showing you a special video on this subject. Yes, getting a tax refund doesn’t mean you get free money, as many people think. It is just payback time. The IRS is returning the excess money your employer [...]
The IRS gets you both ways. I know some people who receive certain tax information slips and file them away casually without thinking they would need them at the end of the year. Both the payer and recipient of certain types of payments have to report these amounts to the IRS. You can call it [...]
Some confusion exists about which income amounts received from various sources are taxable. While all income received worldwide is subject to tax, there are a few categories that allow you to avoid the big tax hand. You would normally include many of the common ones on your W 4 tax form you give it to [...]